Distinguishing global dollar reserves from official holdings in the United States

Official holdings of US dollar reserves are partly invested outside the United States. These offshore investments do not strictly speaking finance the US current account, but do support the US dollar. Offshore holdings grow fast when intervention is large.

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Year of publication:	2005
Authors:	McCauley, Robert
Published in:	BIS Quarterly Review. - Bank for International Settlements (BIS). - 2005, September
Publisher:	Bank for International Settlements (BIS)

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	E58 - Central Banks and Their Policies ; F21 - International Investment; Long-Term Capital Movements ; F31 - Foreign Exchange ; F32 - Current Account Adjustment; Short-Term Capital Movements ; F33 - International Monetary Arrangements and Institutions ; F34 - International Lending and Debt Problems ; G15 - International Financial Markets ; N20 - Financial Markets and Institutions. General, International, or Comparative
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005063274